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$ 1,100,000
Est. payment | /mo
6 Beds
4 Baths
3,046 SqFt
$ 1,100,000
Est. payment | /mo
6 Beds
4 Baths
3,046 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,046 sqft
Price per Sqft $361
MLS Listing ID 25543991
Bedrooms 6
HOA Y/N No
Year Built 1958
Lot Size 4,477 Sqft
Property Description
This Leimert Park 4-plex is a solid investment with stable tenants & healthy upside on rental income. The building is also poised for steady appreciation perched on the Obama Blvd. corridor within walking distance of the Crenshaw/Expo METRO station, related area redevelopment and is further flanked by $1M+ single family homes in both the historic Jefferson Park & Leimert Park neighborhoods. Don't miss this rare opportunity to purchase a competitively priced, well-maintained multifamily property for only $275,000 per unit & $361/SF in the heart of Los Angeles at an actual 4.5% Cap Rate with much higher returns as units turn over (i.e. pro forma - 8.35% Cap Rate & 10.07GRM). Owner expenses are low since units are separately metered for gas & electricity. Owner pays water, trash and gardening. Make offer subject to inspection.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LARD2
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Flooring Carpet, Wood
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Private
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5044021019
Special Listing Condition Standard
Listed by Tisha Greene • LA Vision Properties, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "